Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Unfortunately, this hopeful sentiment isn't universally shared across Wall Street.
Concerns Abound
According to a Bloomberg report, analysts at both Goldman Sachs and Morgan Stanley are concerned that Tesla's factory does little to improve visibility over the company's short and long-term plans.
Goldman Sachs' analyst David Tamberrino toured Tesla's new Gigafactory, which is now partially operating, and commented in a research report that the visit was "helpful" in providing a vision for the manufacturing process. However, the analyst added there was a "lack of quantitative updates for 2017 and the ramp expectations.''
Separately, Morgan Stanley's Adam Jonas praised Tesla's achievements in creating real innovation, jobs and technology. However, these achievements also require "real big capital requirements."
Jonas also expressed concerns surrounding a lack of details on how and when Tesla's Model 3 car will show tangible benefits.
Finally, Pacific Crest's Brad Erickson said his visit to the factory left "much to the imagination" and investors are likely disappointed over a lack of details on how the factory will reduce costs moving forward.
Image Credit: By Joehawkins (Own work) [CC BY-SA 4.0], via Wikimedia Commons.jpg){kind=link}
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.